| A | B |
|---|
| Schedule D | The part of the law or schedule under which self-employed people are taxed . they are allowed to take away from their turnover any expenses which arise for business purposes only and these are not taxed. |
| Sole proprietors | People who run their own businesses. They have complete control,but bear all the risks and have unlimited liability |
| Deed of Partnership | A legal document which covers such matters as who provides the capital , control of the business , distribution of profits , settling disputes and so on/ |
| Consumer co- operatives | High street stores which share the net profits among members |
| Co-operative Union | This was founded in1869 to form new co-operative socities . It now provides a link between the retail co-operatives societies ,the co-operative wholesale society (cws) ,the co-operative insurance society ,co-operative press and other co-operative bodies |
| Marketing Co-operatives | These provide joint services for producers |
| Worker co-operatives | Businesses which are owned and run by the whole workforce. |
| Business format franchising | Trading under the brand name of another firm. |
| Franchisee | A person who pays an initial fee and royalty payments for the privilege of trading under another firm's name. |
| Franchiser | A firm which allows another person to use its tried -and- tested product, and to trade under its name, for a fee. |
| Royalty Payments | A percentage payment made for the use of another person's or firm's invention or property |
